CI Investments Inc. Cuts Stock Position in Marsh & McLennan Companies, Inc. $MRSH

CI Investments Inc. trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH) by 74.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,551 shares of the financial services provider’s stock after selling 38,682 shares during the period. CI Investments Inc.’s holdings in Marsh & McLennan Companies were worth $2,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. grew its stake in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $32,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.1%

Shares of MRSH opened at $184.62 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $170.37 and a 1-year high of $248.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $89.38 billion, a PE ratio of 21.90, a P/E/G ratio of 2.59 and a beta of 0.74.

Marsh & McLennan Companies (NYSE:MRSH) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Marsh & McLennan Companies had a net margin of 15.42% and a return on equity of 31.60%. The business had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period last year, the business posted $1.87 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a $0.90 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is 42.70%.

Analysts Set New Price Targets

A number of equities analysts have commented on MRSH shares. Evercore decreased their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings began coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 29th. They set a “hold (c)” rating for the company. Barclays raised their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Mizuho reaffirmed a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of Marsh & McLennan Companies in a research note on Friday, February 27th. Finally, Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $199.00 to $203.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $216.18.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.